Sonim Technologies Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Sonim Technologies (NASDAQ:SONM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$11.5m (down 57% from 2Q 2023).
• Net loss: US$6.62m (down from US$509.0k profit in 2Q 2023).
• US$1.41 loss per share (down from US$0.12 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sonim Technologies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 161%.

Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are down 12% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for Sonim Technologies you should be aware of, and 1 of them is concerning.

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